With the emergence and long-term Impact of COVID-19, the Global Air Crane Helicopter Market is to reach USD XX Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Air Crane Helicopter Market is poised to raise up to USD XX Billion by 2030. The Air Crane helicopter is a heavy-lift helicopter designed for aerial firefighting and other heavy-lift operations. It is one of the most powerful and versatile helicopters. They are used for a variety of industrial tasks such as logging, building, firefighting, and other heavy lifting. They move large items, install rooftop components, work on utility construction projects, carry weights that are attached to long cables or slings, and more.
The key factors driving the market growth are expanding firefighting operations, rising disaster relief and humanitarian missions, growing infrastructure development projects, and rising demand in defense and military applications that anticipated to create a lucrative demand for the market during the forecast period. Moreover, the rising government initiatives and investments in air crane helicopter are anticipated to support the market growth.
For instance, October 2022, The United States Army acquired two new Boeing CH-47F Block II Chinook helicopters to supplement its heavy-lift transport helicopter force. The Army has given The Boeing Company a USD 136 million contract to manufacture four CH-47F Block II helicopters in 2021. The Army has also announced a USD 63 million Lot 2 acquisition, bringing the total number of heavy-lift helicopters contracted to six. Additionally, growing technological advancement is anticipated to create a lucrative opportunity for the market during the forecast period. However, the high operational and maintenance costs stifle market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Air Crane Helicopter Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rising demand for oil and gas operations, growing demand for natural disaster relief operations, and rising construction and infrastructure development activities. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the increase in infrastructure development and building projects. Heavy machinery and material transportation are required for these projects, growing demand for military operations, and supportive government initiative and investment in the region.
The global Air Crane Helicopter Market is highly competitive owing to the presence of several key manufacturers such as Airbus Helicopters SAS (France), Lockheed Martin Corporation (U.S.), The Boeing Company (U.S.), Textron Inc. (U.S.), Columbia Helicopters Incorporated (Canada), Air crane Inc. (U.S.), Leonardo S.p.A. (Italy), and others.
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Key findings of the study suggest:
- Global Air Crane Helicopter Market is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030.
- In the Application segment, oil & gas emerged as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to rising demand for oil and gas operations.
- Asia Pacific is expected to grow at a high CAGR followed by North America during 2023-2030.
Bizwit Research & Consulting has considered the following segments for the study:
By Endurance
- Up to 15,000 Feet
- Above 15,000 Feet
By Application
- Power Line Construction
- Aerial Firefighting
- Oil & Gas
- Logistics Operations
- Others
By End User
- Civil & Commercial
- Military
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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